6. Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt Outstanding

The terms of our debt outstanding at December 31, 2015 and 2014 are summarized below:

			Amount Outstanding at
			December 31,		December 31,
			2015		2014
			(In thousands)
Description	Interest Rate	Maturity
Warehouse lines of credit	5.50% over one month Libor (Minimum 6.50%)	April 2019	$	91,504	$	23,581
	5.50% over one month Libor (Minimum 6.25%)	August 2017		73,940		33,258
	6.75% over one month Libor (Minimum 7.75%)	November 2019		31,017		–
Residual interest financing	11.75% over one month Libor	April 2018		9,042		12,327
Debt secured by receivables measured at fair value	n/a	Repayment is based on payments from underlying receivables.  Final payment of the 8.00% loan was made in September 2013. Final residual payment was made in January 2015.		–		1,250
Subordinated renewable notes	Weighted average rate of 9.04% and 10.7% at December 31, 2015 and 2014, respectively	Weighted average maturity of October 2017 and October 2016 at December 31, 2015 and 2014, respectively		15,138		15,233
			$	220,641	$	85,649

Contractual and expected maturity amounts of debt

Contractual maturity date	Residual interest financing (1)		Subordinated renewable notes		Total
	(In thousands)
2016	$	2,400	$	9,910	$	12,310
2017		3,900		1,781		5,681
2018		2,742		1,110		3,852
2019		–		276		276
2020		–		342		342
Thereafter		–		1,719		1,719
Total	$	9,042	$	15,138	$	24,180